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KLP Kapitalforvaltning AS Acquires 64,900 Shares of General Mills, Inc. $GIS
KLP Kapitalforvaltning AS increased its stake in General Mills (NYSE:GIS) by 8.9% in the fourth quarter, acquiring an additional 64,900 shares to own a total of 797,318 shares valued at approximately $37.08 million. This acquisition comes despite several analysts trimming price targets and ratings, with a consensus rating of “Reduce” and an average price target of $43.22. General Mills recently missed quarterly earnings estimates, reporting $0.64 EPS against an expected $0.73, with revenue down 8.4% year-over-year, but announced a quarterly dividend of $0.61.